MIAMI — Innovair Corporation has been acquired by Ouellet Group Inc.
“My wife and I wanted to transition to the next natural role in our business, giving us more of a work/family balance while maintaining our roles in the company we founded,” said Julio Gomez, president of Innovair. “The deal not only meets our financial goals but preserves the culture that is vitally important to us, our employees, and customers. Ouellet told us to ‘Keep doing what you are doing.’ ”
As part of the sale, Ouellet has secured a five-year lease of Innovair’s two 40,000 square feet buildings in Miami with an option to renew with two more five-year leases. Distribution of Innovair’s products will continue to be carried out from Innovair’s premises in Miami.